According to CNBC’s Deepanshu Bagchee the U.S. economy is on
the mend and has been getting better, but JPMorgan Chase CEO Jamie Dimon said
chief executives he has spoken to have told him they are already making
decisions to protect their companies from a looming "fiscal cliff."
The mix of automatic spending cuts and the expiration of
Bush-era tax cuts at the end of the year could cut U.S. growth in 2013 and send
the economy back into a recession, according to economists.
Chief executives of 80 big U.S. companies, including Dimon,
have been lobbying for a deal to avert such an outcome. "I've spoken to
CEOs who say, you know, absolutely, we are making decisions to protect
ourselves from the ‘fiscal cliff’ and those are like investment decisions and
hiring decisions," Dimon told CNBC-TV18 in India, during a visit to the
country…..
Find out more at http://www.cnbc.com/id/49565255
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